Energy in an emergency

Published: 14 November 2008 y., Friday

Energetika
Energy prices in the EU have risen by an average of 15% in the last year and Europeans wonder whether speculators are driving up oil prices. More than 50% of the EU's energy comes from countries outside the union – and the percentage is growing.

Much of that energy comes from Russia, whose disputes with transit countries have disrupted gas supplies in recent years.

All of this highlights the need for the EU to monitor its oil and gas supplies more closely and be better prepared in the event of an energy emergency. A new energy package will help the EU meet its climate change targets and reduce gas and oil imports.

For decades, EU countries have maintained emergency oil stocks. The commission now wants to make those stocks more readily available and clarify when and how they can be used. It also wants the public to have more information on commercial oil inventories.

After oil, gas is the most important fuel in the EU’s energy mix. Although 60% comes from outside the union, the EU still does not have an emergency plan in case supplies are disrupted. As part of its energy strategy, the commission is launching consultations with EU countries about establishing such a plan.

Another high priority is setting up a southern gas corridor of pipeline networks to bring gas from the Caspian Sea region via Turkey. Construction looks set to begin in 2010.

The EU is also keen to strengthen its energy networks – the power lines and pipelines that bring electricity, gas and oil to homes and businesses – and equip them to handle renewable sources of energy like wind. The possibility of creating an offshore wind park in the North Sea is being studied.

The strategy calls for continued efforts to boost energy efficiency – such as renovating residential and commercial buildings. Another proposal calls for energy labels for tyres starting in 2012.

Nuclear energy is also addressed – including safety and waste management. Currently, nuclear plants generate about one-third of Europe’s electricity and more than a dozen EU countries are looking to build new ones.

 

Šaltinis: ec.europa.eu
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.

Facebook Comments

New comment


Captcha

Associated articles

The most popular articles

EU and Vietnam sign off on a deal that will boost air transport

An aviation agreement has been signed today by the European Union and the Vietnamese authorities which will remove nationality restrictions in the bilateral air services agreements between EU Member States and Vietnam. more »

The EIB celebrates its 30th year of activity in Cyprus with a EUR 180 million financing for urban environment

The European Investment Bank marked the 50th anniversary of the Republic of Cyprus and its 30 years of activity in the country with a public ceremony celebrating the signature of a total of EUR 180 million for urban environment. more »

Tighter rules on government deficits

In response to the financial crisis, the Commission has put forward legislative proposals to strengthen and expand existing tools for coordinating economic and fiscal policy in the EU. more »

SME Finance Forum: Ensuring access to credit and to finance to small businesses

In the first meeting of the SME Finance Forum, possible means to improve the current situation of access to finance were discussed, such as the introduction of a grace period for firms in difficulties, the involvement of credit mediators and improved loan guarantees. more »

The EU budget, a guide

The EU budget is no simple matter, but then no budget ever is. more »

Trichet: Parliament must play a central role in forging the new economic governance model

Parliament will be crucial in avoiding a “lowest common denominator” approach when helping to design the EU's new economic governance architecture, ECB president Jean-Claude Trichet told the Economic and Monetary Affairs Committee on Monday. more »

European Day of Languages 2010: Languages for business

With a multitude of language-related events taking place on or around 26 September, the main themes for this year's European Day of Languages are business and jobs. more »

Commission pays € 1.15 billion in Balance of Payments support to Romania

The EU disbursed today € 1.15 billion to Romania, the third instalment of a € 5 billion loan, which was agreed in May 2009 as part of a multilateral financial assistance package. more »

European Investment Bank supports GBP 250m gas network expansion and upgrade in Scotland and southern England

The European Investment Bank has agreed to lend GBP250 million for the replacement, reinforcement and expansion of the gas distribution networks operated by Scotland Gas Networks and Southern Gas Networks. more »

Fair food prices: new legislation needed, say MEPs

The bargaining positions of all players in the human food chain must be rebalanced, and fair competition enforced by law, to ensure fair returns to farmers and price transparency to consumers, says Parliament in a resolution voted on Tuesday. more »